FEDERAL GOVERNMENT OF NIGERIA
NATIONAL COUNCIL ON PRIVATIZATION (NCP)
SECRETARIAT: BUREAU OF PUBLIC ENTERPRISES
INVITATION FOR EXPRESSIONS OF INTEREST FOR THE RE-CONCESSION OF TAFAWA BALEWA SQUARE (TBS), LAGOS
DEADLINE: 15TH DECEMBER, 2020
1. Background
The Federal Government of Nigeria (FGN) through the National Council on Privatisation (NCP) and its Secretariat, Bureau of Public Enterprises (BPE) in conjunction with the Federal Ministry of Industry.
Trade & Investment (FMITI) and Tafawa Balewa Square Management Board (TBSMB) invite interested investors to express interest in the re-concession of Tafawa Balewa Square Complex (TBS) through a competitive bidding process.
The objectives of the concession are to substantially redesign and redevelop the Complex, to profitably operate and manage it through professional and efficient management practices as a world- class events and hospitality centre for a minimum of thirty (30) years.
2. Overview of Tafawa Balewa Square Complex (TBS)
Tafawa Balewa Square Complex, which covers a land area of about thirty five (35) acres, is located in the Lagos Mainland at No, 45/57 Massey Bamgboshe Street, Lagos. The facilities at the complex include a parade ground, race course, multi-purpose hall, administrative blocks, shopping centre, shops, kiosks, offices, restaurants, a car park, auditorium and a bus terminal. The entire land is covered by a Certificate of Occupancy dated the 24th day of July 2002 for a term of 99 years commencing from the 1st day of January
1975.
3. Business Opportunities:
Since hosting the Nigerian Independence Day event, Tafawa Balewa Square has grown to become one of the premier venues for events in the country. The venue has hosted concerts of various Nigerian musicians and currently plays host to “The Experience” regarded as one of the biggest religious musical events in Africa yearly. The Complex derives its strength from its strategic location and enjoys patronage from a large number of customers. It is also easily accessible by the users and shop owners.
The commercial opportunities are vast. It is expected that the concessionaire will turn TBS into a world class event centre with facilities like a five star hotel, cinema houses. shopping mall, office complex etc as obtained in contemporary sites abroad.With the type of structures and facilities that are available at the Complex, it is possible to hit breakeven point within the shortest possible time given the strategic location, existing enabling environment and positive
co-operation with the Lagos State Government.
4. Calibre of Investors Required
Prospective concessionaires can be local or international investors or a consortium of investors and must have a frack record of successful operation/management of a world-class event/shopping mall/ hospitality centre. A minimum of five years’ experience in operation/management in relevant area(s) is required. Prospective concessionaires must also demonstrate ample financial resources to finance the required transformation through their own resources (their net worth in the audited financials) and access to debt capital through a firmietter of interest from a reputable financial institution.
5. Method of Application: Expression of interest from potential bidders should provide the following as basis for selection:
A. Corporate Information
Nigerian Firms:
a. Full name of company and contact person, postal address, telephone numbers, and e-mail addresses.
b. Ownership structure of company: name(s) of major shareholders with 5% or more stake
C. Audited financial statements of members of concessionaire groups for the past three (3) years and most recent management accounts.
d. Evidence of tax payments in Nigeria (2017. 2018 and 2019)
e. Evidence of current Industrial Training Fund (ITF) Compliance Certificate (2020)f. Evidence of Registration through valid certificate of incorporation with CAC
g Evidence of current Pension Compliance Certificate (2020)
h. Evidence of current Nigeria Social Insurance Trust Fund (NSITF
Compliance Certificate (2020)
Foreign Firms:
All the above will apply to international firms except d, e, f, g and h
B. Technical and Operational capabilities:
-Evidence of ownership/management/operation of world class event centre
-Number of years in event/hospitality operations
-Evidence of a strong balance sheet and demonstration of a good financial track record over time with respect to its core business and in other hospitality projects
6. Upon receipt of Expressions of Interest (EO) from prospective concessionaire(s), the Bureau shall evaluate and pre-quality the applicants.
7. Thereafter, pre-qualified firms will be issued a Request for Proposal (RFP) and other bidding documents upon the payment of a non-refundable fee of Seven Million, Five Hundred Thousand Naira (N7.500,000.00) in bank draft payable to the Bureau of Public Enterprises.
8. Submission of EOIs
An original copy and six (6) other copies of Expressions of interest shall be delivered in a sealed envelope clearly marked “Expression of Interest for the Re-Concession of Tafawa Balewa Square (TBS)” and delivered to the address below not later than 3.00p.m. on Wednesday, 15th December, 2020. ONLY SHORT LISTED FIRMS WILL BE CONTACTED.
9. The name of the prospective bidder must be stated on the envelope. Submissions made by e-mail/late submission will be rejected.
Alex A. Okoh,
Director General
Bureau of Public Enterprises
11. Osun Crescent. Off 188 Way
Maitama District, FCT, Nigeria
Website: www.bpe.gov.ng
Attention: Mr. Audu Uba Mohammed
Director, Development institutions & Natural Resources
Tel: 08033114911
Email: mauba30@gmail.com or
AMohammeda@bpe.gov.ng
Room 122
For Further enquiries, contact
Dr. Eloka Chuks-Nwosu
Development institutions & Natural Resources
Email address: steloks@yahoo.com or
EChuks-nwosu@bpe.gov.ng
Tel: 08033257856
DISCLAIMER: This Invitation for Expression of Interest does not in any manner constitute an agreement and is neither an offer of the Enterprise of the prospective applicants or any other person.
